207
Views
190
CrossRef citations to date
0
Altmetric
Applications and Case Study

Are People Bayesian? Uncovering Behavioral Strategies

&
Pages 1137-1145 | Received 01 Apr 1994, Published online: 27 Feb 2012

References

  • Akaike , H. 1974 . “A New Look at the Statistical Identification Model,” . IEEE Transactions on Automatic Control , 19 : 716 – 723 .
  • Allais , M. 1953 . “Le Comportement de l'Homme Rationel Devant le Risque, Critique des Postulates et Axiomes de l'Ecole Americaine,” . Econometrica , 21 : 503 – 546 .
  • Bell , D. 1982 . “Regret in Decision Making Under Uncertainty,” . Operations Research , 30 : 961 – 981 .
  • Birnbaum , M. , Coffey , G. , Mellers , B. and Weiss , R. 1992 . “Utility Measurement: Configural-Weight Theory and the Judge's Point of View,” . Journal of Experimental Psychology: Human Perception and Performance , 18 : 331 – 346 .
  • Bostic , R. , Herrnstein , R. and Luce , D. 1990 . “The Effect on the Preference-Reversal Phenomenon of Using Choice Indifference,” . Journal of Economic Behavior and Organization , 13 : 193 – 212 .
  • Boylan , R. and El-Gamal , M. 1993 . “Fictitious Play: A Statistical Study of Multiple Economic Experiments,” . Games and Economic Behavior , 5 : 205 – 222 .
  • Cheeseman , P. “Autoclass II Conceptual Clustering System,” . Proceedings of Machine Learning Conference . pp. 54 – 64 .
  • Chew , S. 1983 . “A Generalization of the Quasi-Linear Mean With Applications to the Measurement of Income Inequality and Decision Theory Resolving the Allais Paradox,” . Econometrica , 51 : 1065 – 1092 .
  • Dempster , A. , Laird , N. and Rubin , D. 1977 . “Maximum Likelihood From Incomplete Data via the EM Algorithm,” . Journal of the Royal tatistical Society , 39 : 1 – 38 . Ser. B
  • Edwards , W. 1982 . “Conservatism in Human Information Processing,” . In Judgment Under Uncertainty: Heuristic and Biases , Edited by: Kahneman , D. , Slovic , P. and Tversky , A. 359 – 369 . Cambridge , , UK : Cambridge University Press .
  • El-Gamal , M. and Grether , D. 1993 . “Uncovering Behavioral Strategies: Likelihood-Based Experimental Data Mining,” , California Institute of Technology . Social Science Working Paper 850
  • El-Gamal , M. , McKelvey , R. and Palfrey , T. 1993 . “A Bayesian Sequential Experimental Study of Learning in Games,” . Journal of the American Statistical Association , 88 : 428 – 435 .
  • El-Gamal , M. and Palfrey , T. 1995 . “Economical Experiments: Bayesian Efficient Experimental Design,” . International Journal of Game Theory , in press
  • Ellsberg , D. 1961 . “Risk, Ambiguity, and the Savage Axioms,” . Quarterly Journal of Economics , 75 : 643 – 669 .
  • Gigerenzer , G. , Ulrich , H. and Kleinbolting , H. 1991 . “Probabilistic Mental Models: A Brunswikian Theory of Confidence,” . Psychological Review , 98 : 506 – 528 .
  • Goldstein , W. and Einhorn , H. 1987 . “Expression Theory and the Preference Reversal Phenomena,” . Psychological Review , 94 : 236 – 254 .
  • Grether , D. 1980 . “Bayes Rule as a Descriptive Model: The Representativeness Heuristic,” . Quarterly Journal of Economics , 95 : 537 – 557 .
  • Grether , D. and Plott , C. 1979 . “Economic Theory of Choice and the Preference Reversal Phenomenon,” . American Economic Review , 69 : 623 – 638 .
  • Kahneman , D. and Tversky , A. 1972 . “Subjective Probability: A Judgment of Representativeness,” . Cognitive Psychology , 3 : 430 – 454 .
  • Kahneman , D. and Tversky , A. 1979 . “Prospect Theory: An Analysis of Decision Under Risk,” . Econometrica , 47 : 263 – 292 .
  • Lichtenstein , S. and Slovic , P. 1971 . “Reversals of Preferences Between Bids and Choices in Gambling Decisions,” . Journal of Experimental Psychology , 89 : 46 – 55 .
  • Little , R. and Rubin , D. 1983 . “On Jointly Estimating Parameters and Missing Data,” . The American Statistician , 37 : 218 – 220 .
  • Little , R. and Rubin , D. 1987 . Statistical Analysis With Missing Data , New York : John Wiley .
  • Loomes , G. , Starmer , C. and Sugden , R. 1989 . “Preference Reversal: Information-Processing Effect or Rational Non-Transitive Choice?,” . Economic Journal , 99 : 140 – 151 .
  • Loomes , G. and Sugden , R. 1987 . “Some Implications of a More General Form of Regret Theory,” . Journal of Economic Theory , 41 : 270 – 287 .
  • Machina , M. 1982 . “Expected Utility Analysis Without the Independence Axiom,” . Econometrica , 50 : 277 – 323 .
  • Mellers , B. , Ordonez , L. and Birnbaum , M. 1992 . “A Change-of-Process Theory for Contextual Effects and Preference Reversals in Risky Decision Making,” . Organizational Behavior and Human Decision Processes , 52 : 331 – 369 .
  • Payne , J. 1982 . “Contingent Decision Behavior,” . Psychological Bulletin , 92 : 382 – 402 .
  • Quigen , J. 1982 . “A Theory of Anticipated Utility,” . Journal of Economic Behavior and Organization , 3 : 323 – 343 .
  • Redner , R. and Walker , H. 1984 . “Mixture Densities, Maximum Likelihood and the EM Algorithm,” . Siam Review , 26 : 195 – 239 .
  • Rissanen , J. 1978 . “Modeling by Shortest Data Description,” . Automatica , 14 : 465 – 471 .
  • Rissanen , J. 1987 . “Stochastic Complexity,” . Journal of the Royal Statistical Society , 49 : 223 – 239 . 252 – 265 . Ser. B
  • Schwarz , G. 1978 . “Estimating the Dimension of a Model,” . The Annals of Statistics , 6 : 461 – 464 .
  • Scott , W. , Farg , J. and Podsakoff , P. 1988 . “The Effect of ‘Intrinsic’ and ‘Extrinsic’ Reinforcement Contingencies on Task Behavior,” . Organizational Behavior and Human Decision Processes , 41 : 405 – 425 .
  • Tanner , M. 1993 . Tools for Statistical Inference , New York : Springer-Verlag .
  • Tversky , A. and Kahneman , D. 1972 . “Availability: A Heuristic for Judging Frequency and Probability,” . Cognitive Psychology , 51 : 207 – 232 .
  • Tversky , A. and Kahneman , D. 1974 . “Judgment Under Uncertainty: Heuristics and Biases,” . Science , 185 : 1124 – 1131 .
  • Tversky , A. , Sattath , S. and Slovic , P. 1988 . “Contingent Weighting in Judgement and Choice,” . Psychological Review , 95 : 371 – 384 .
  • Wallace , C. and Boulton , D. 1968 . “An Information Measure for Classification,” . Computer Journal , 11 : 185 – 195 .
  • Wallace , C. and Freeman , P. 1987 . “Estimation and Inference by Compact Coding,” . Journal of the Royal Statistical Society , 49 : 240 – 265 . Ser. B
  • Wright , W. and Aboul-Ezz , M. 1988 . “Effects of Extrinsic Incentives on the Quality of Frequency Assessments,” . Organizational Behavior and Human Decision Processes , 41 : 143 – 152 .
  • Yaari , M. 1987 . “The Dual Theory of Choice Under Risk,” . Econometrica , 55 : 95 – 116 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.